Delta Air Lines closed out the year by doubling its quarterly profit as travel demand, particularly for international trips, helped drive record revenue in 2023. CEO Ed Bastian said continued strong travel demand could boost earnings this year.The airline on Friday forecast adjusted earnings per share of between $6 and $7 in 2024, compared with $6.25 a share last year."Business is going great. Just go to any airport," Bastian told CNBC in an interview.Delta said it expects revenue in the first quarter of 20 ...

Delivered industry-leading operational performance and financial results in December quarter  Generated record full year revenue and over $5 billion of pre-tax income, a near doubling over 2022 Guiding to 2024 free cash flow of $3 to $4 billion, an improvement of up to $2 billion over 2023 Expect record March quarter revenue on improving domestic environment and continued strength in  international demand, with solid profitability ATLANTA, Jan. 12, 2024 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today repo ...

Delta Air Lines, Inc. (NYSE:DAL) is headed to the earnings confessional, with results for the fourth quarter due out before the open on Friday, Jan. 12. The security is today pacing for a third-straight daily gain, last seen up 0.7% at $41.94, as it bounces off a recent pullback to the 40-day moving average, after reaching its highest level since September in December. Over the last 12 months, DAL added more than 14%. The airline stock doesn't have the best track record when it comes to post-earnings reacti ...

The transportation sector is poised to have multiple, positive catalysts in 2024. Although the economy is slowing, the economic expansion will probably continue. Interest rates are poised to drop this year, which could simulate large purchases, such vehicles. Also importantly, travel trends remain quite strong. AND, many companies in the transportation sector will receive a significant amount of benefits from the government’s green tax credits and high infrastructure spending this year. For the investors wh ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Delta Air Lines (DAL) is scheduled to report fourth-quarter 2023 results on Jan 12, before market open.DAL has a good earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters (missing once), the average beat being 4.35%. The Zacks Consensus Estimate for fourth-quarter 2023 earnings has moved 5.6% downward over the last 90 days.Given this backdrop, let’s examine the factors that are likely to have influenced Delta’s performance in the to-be-reported qua ...

Delta Air Lines (DAL) closed at $39.20 in the latest trading session, marking a +1.19% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.34%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.56%.Shares of the airline have depreciated by 0.51% over the course of the past month, underperforming the Transportation sector's gain of 2.57% and the S&P 500's gain of 2.56%.The investment community will be closely monitoring the performance of Delta Air Li ...

Delta Air Lines (DAL) has decided to add nine flights to Houston from Detroit and Seattle, in response to the excitement surrounding college football. These flights will have 1,272 additional seats for football fans.DAL’s current move will enable fans view the title match at NRG Stadium on Jan 8. In the final, Michigan will take on Washington. The new flights are in addition to Delta’s route to Houston’s George Bush Intercontinental Airport.The existing flight will expand travel options for Michigan Wolveri ...

ATLANTA, Dec. 29, 2023 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss its December quarter and full year 2023 financial results at 10 a.m. EST, Friday, Jan. 12, 2024. A live webcast of this event will be available at ir.delta.com. An online replay will be available at the same site shortly after the webcast is complete. SOURCE Delta Air Lines ...

Loading...Loading...Stock to Watch: Delta Air Lines DALDelta Air Lines is one of the four carriers that controls majority of the US aviation market (the carriers account for more than 60% of the domestic market share). This development followed a spate of mergers in the industry during the early part of this century.DAL is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.Momentum investors should take note of this Transportation stock. DAL has a Momentum Style Score of A, and shares are up 14.4% over th ...